Soroswap.Finance, a DeFi protocol on the Soroban blockchain, has received a $50,000 USD liquidity award in XLM from the Stellar Development Foundation. The funds were added to the XLM-USDC pool via a Liquidity Timelock Contract locking tokens until August 5, 2025. This milestone enhances liquidity, security, and user trust in the Stellar ecosystem.
Soroswap.Finance, developed by PaltaLabs on the Soroban blockchain, secured a $50,000 USD award in Stellar Lumens (XLM) from the Stellar Development Foundation to boost its liquidity. The award was implemented through an advanced Liquidity Timelock Contract, which locks liquidity pool tokens until August 5, 2025, at 5:52:09 PM (timestamp 1754416329), preventing premature withdrawals and enhancing security. The funds were added to the XLM-USDC pair via two specific Stellar transactions, increasing the total value locked (TVL). This open-source contract, available on GitHub, promotes transparency and builds user confidence. The achievement underscores Soroswap's commitment to stable, decentralized asset exchanges within the Stellar DeFi ecosystem.